Thank you for the first comment I’ve come across that points to the specific problem. Yes, this seems quite bad.
One could probably apportion some blame to the businesses who assumed a fix from Congress would be forthcoming, but on the whole it seems to me like a spectacularly il-conceived bit of the tax code that never should have been passed in the first place.
One could probably apportion some blame to the businesses who assumed a fix from Congress would be forthcoming, but on the whole it seems to me like a spectacularly il-conceived bit of the tax code that never should have been passed in the first place.